Acerinox Sa · BME:ACX
Acerinox Sa — Shareholder Meeting (April 2024)
17 slides from Acerinox Sa's shareholder meeting presentation, Apr 22, 2024
Slide 1: Chief Executive Officer's Report
Chief Executive Officer’s Report Bernardo Velázquez Herreros Annual Shareholders’ Meeting | Fiscal Year 2023 Madrid, April 22, 2024
Slide 2: Our results
Our results Increased Revenue Cash flow efficiency €6,608M €481M New geostrategic situation Focus on EBITDA Net financial debt higher-value- added materials €703M €341M ACERINOX 2020 RESULTS PRESENTATION
Slide 3: Our results
Our results Leadership Diversification with VDM Metals: record profit in the US more sophisticated materials Materials and solutions for industry Standard stainless steels + High-performance alloys = The industry’s most extensive catalog ACERINOX 2020 RESULTS PRESENTATION
Slide 4: Cycle
Cycle 2020 2023 Raw Increase in Apparent consumption of materials stock stainless steel in 2023 cycle Drop in EU 27 USA Increase in apparent imports consumption Overstocking Drop in sales Acerinox Group 1.9 MMT Melting shop production -21.5% -20% ACERINOX 2020 RESULTS PRESENTATION
Slide 5: Worldwide production of stainless steel
Worldwide production of stainless steel -6% -10% +5% +13% -7% ACERINOX 2020 RESULTS PRESENTATION
Slide 6: Price behavior
Price behavior Section 232: VDM Inefficient 25% tariff New Jersey Nevada safeguard VDM Germany measures Regular, reliable, Flood of imports and close supply Acerinox Europa All-time low Stable prices Spain prices NAS Kentucky
Slide 7: New geostrategic environment
New geostrategic environment COVID-19 Invasion of Ukraine Strategic autonomy Bringing trade closer China – US rivalry Economic security
Slide 8: New geostrategic environment
New geostrategic Diversify and bring our supplier network environment closer to our customers • Changes began before • Problems in the Suez Canal the pandemic • Water scarcity in the Panama Canal • Origins in the USA: • Lack of safety in the Red Sea overdependence on other countries • Need to reduce
Slide 9: Acerinox's strategy
Acerinox’s VDM strategy New Jersey Nevada VDM Germany Added value: our differentiator More sophisticated Acerinox Europa materials Spain NAS Stainless steels and high- Kentucky performance alloys adapted to every application Broadest product range in Columbus Stainless South Africa the industry
Slide 10: Acerinox's strategy: Beyond Excellence
Acerinox’s strategy Beyond Excellence: A new driver of competitiveness Goal of €100 million in EBITDA Customers at the R&D&i Decarbonization Efficiency center Higher-value- Productivity Supply chain added products €45M Creating value in all areas of the company
Slide 11: Acerinox's strategy: Pursuing leadership in sustainability
Acerinox’s strategy: Pursuing leadership in +50% Use of renewable sustainability energy at facilities EcoVadis Platinum medal for the second year in a row 2023 score: 82 vs. 79 in > 90% recycled material -5% Reduction in 2022 intensity 21: Number of criteria related to sustainability -25% Reduction
Slide 12: Acerinox's strategy: Our financial strength
Acerinox’s strategy: Our financial strength 0.49x 0.62€ / share +24% vs. 2022
Slide 13: Acerinox's strategy: Our financial strength
Acerinox’s strategy: Our financial strength sales sales
Slide 14: Acerinox's strategy: A new platform in the United States
Acerinox’s strategy A new platform in the United States Antitrust approval in USA Approval by Haynes shareholders (Annual Meeting) Strengthening $61 per share in cash leadership in HPAs $200 million investment in the Strengthening next four years leadership in the USA +$71 million in synergies
Slide 15: Experience and dedication
Experience and dedication Group
Slide 16: Customer-centric
(Customer-centric _ Focused on added value
Slide 17: Thank you!
Shareholders, customers, suppliers, employees, society... you have a responsible partner to rely on. Thank you!